Why is Bharat Bijlee falling/rising?

As of 19-Sep, Bharat Bijlee Ltd's stock price is currently at Rs 3,137.50, reflecting an increase of Rs 52.5 or 1.7%. The stock has shown a positive performance today, outperforming its sector by 1.59%, and reached an intraday high of Rs 3,150, marking a rise of 2.11%. Over the past week, the stock has gained 0.52%, and in the last month, it has appreciated by 11.14%. Despite a significant decline of 32.09% over the past year, the company has demonstrated healthy long-term growth with an annual operating profit increase of 37.06%. The stock's low debt-to-equity ratio of 0.12 and a return on equity (ROE) of 7.1 suggest a solid financial position, contributing to its attractive valuation compared to peers.
In the broader market context, Bharat Bijlee's short-term performance has been slightly below the benchmark Sensex, which has increased by 0.88% over the past week. However, the company's high institutional holdings at 21.6% indicate strong confidence from knowledgeable investors, which may support the stock's price. Despite a recent drop in investor participation, as evidenced by a 51.27% decrease in delivery volume, the stock remains liquid enough for trading. Overall, while the stock has faced challenges in the past year, its recent upward movement can be attributed to positive financial indicators and a favorable valuation relative to its peers.